Shares of ServiceNow (NOW) Rally 2.75%

ServiceNow (NOW) has been under a strong bear grip, hence the stock is down -5.58% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.24% in the past 1 week. The stock has risen by 2.75% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.46% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 2.87% and the 50-Day Moving Average is 1.01%.

ServiceNow (NYSE:NOW): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $71.47 and $70.33 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $71.63. The buying momentum continued till the end and the stock did not give up its gains. It closed at $71.02, notching a gain of 1.23% for the day. The total traded volume was 1,228,439 . The stock had closed at $70.16 on the previous day.


The company Insiders own 5.9% of ServiceNow shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -21.34% . Institutional Investors own 99.24% of ServiceNow shares. During last six month period, the net percent change held by insiders has seen a change of -60.18%. In a related news, The Securities and Exchange Commission has divulged that Schneider David, officer (Chief Revenue Officer) of Servicenow, Inc., had unloaded 5,000 shares at an average price of $69.26 in a transaction dated on July 11, 2016. The total value of the transaction was worth $346,300.

ServiceNow, Inc. is a provider of cloud-based solutions that define, structure, manage and automate services across the global enterprise. The Company provides cloud-based service management solutions that address the needs of a range of departments within an organization, including IT, human resources (HR), facilities, field service, marketing, legal and finance. It also provides business management and IT operations management solutions that facilitate the delivery of services across the enterprise. The Company markets its services to enterprises in a variety of industries, including financial services, consumer products, IT services, health care and technology. The Company offers a portfolio of services, including Professional Services, Education Services and Customer Support. The Company provides its services from data centers located in Australia, Brazil, Canada, Hong Kong, the Netherlands, Singapore, Switzerland, the United Kingdom and the United States.

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